Statistics
Statistics
Meaning of Statistics
Scope of Statistics
1. Descriptive Statistics: Summarizes and describes the features of a dataset.
This includes measures such as mean, median, mode, variance, and standard
deviation.
2. Inferential Statistics: Makes predictions or inferences about a population based
on a sample of data. This includes hypothesis testing, confidence intervals, and
regression analysis.
3. Biostatistics: Applies statistical methods to biological and health-related fields.
4. Econometrics: Uses statistical methods to analyze economic data and
relationships.
5. Quality Control: Involves the use of statistical methods to monitor and improve
processes in manufacturing and services.
6. Social Statistics: Analyzes social phenomena through statistical methods, often
used in sociology, psychology, and political science.
Limitations of Statistics
1. Misinterpretation: Statistics can be misinterpreted or misrepresented, leading to
incorrect conclusions.
2. Data Quality: The accuracy of statistical analysis depends on the quality of the
data collected. Poor data can lead to misleading results.
3. Overgeneralization: Conclusions drawn from a sample may not always apply to
the entire population.
4. Complexity: Some statistical methods can be complex and require a deep
understanding of the underlying principles.
5. Causation vs. Correlation: Statistics can show relationships between variables
but cannot definitively establish causation.
Sources of Data
1. Primary Data: Data collected firsthand for a specific research purpose. Sources
include:
• Surveys and questionnaires
• Interviews
• Experiments
• Observations
2. Secondary Data: Data that has already been collected and published by others.
Sources include:
• Government reports and publications
• Academic journals
• Online databases
• Books and articles